Aura Minerals Inc. ("Aura" or the "Company") (NASDAQ:AUGO, B3: AURA33)) announced today that it has signed a definitive agreement to acquire a company ("Newco") that will hold the mining fleet, related equipment leases and dedicated workforce currently operated by a third-party contractor in three of its gold operations in Brazil — Apoena, Almas and Borborema — and to bring fleet operation and maintenance in-house (the "Insourcing"), with the transition targeted for January 2027. At MSG, the Company already operates the mine fleet directly.

The Insourcing is expected to give Aura greater operational control and to generate synergies across its Brazilian business units. The timing is aligned with the Company's growth in the country where it currently operates four gold mines and plans to expand production capacity in some of its operations. The Insourcing will give Aura direct control over fleet sizing, maintenance strategy and utilization at all three operations, and is expected to improve equipment availability and reliability and lower mining unit costs over time.

The agreed consideration for the acquisition (the "Enterprise Value") is R$612 million (approximately US$118 million1), of which up to R$250 million will be paid in cash, with the remainder consisting of the assumption of existing equipment lease financing and the retention of other contingent payments typical for this type of transaction.